Communism, Money And You

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  1. Zulkilabar

    Communism is an economic system where the group owns the factors of countries, the government represents the group. The means of production are labor, entrepreneurship, capital goods, and natural resources. Although the government doesn't legally own the labor force, the central planners tell the people where they should work.
  2. Meran

    Communism is designed to allow the poor to rise up and attain financial and social status equal to that of the middle-class landowners. In order for everyone to achieve equality, wealth is redistributed so that the members of the upper class are brought down to the same financial and social level as the middle Alia Hoyt.
  3. Bagar

    By currency in the term of legal tender, a fully-communist system should not have currency for the reasons that you point out. That is how the system is designed. Private property is completely abolished. In some systems that are/were considered communist (depends who answers), the Soviet Union had and Venezuela and Cuba have currency.
  4. Aragrel

    Jan 31,  · Though the term "communism" can refer to specific political parties, at its core, communism is an ideology of economic equality through the elimination of private property.
  5. Tem

    Mar 08,  · However, since you can not take the labor of another's you can only be as rich as your toil, your own labor can provide. In Communism, currency is abolished and most work is automated. You do what you are good at, for as long as you desire to and take whatever it is you need freely.
  6. Dobar

    Feb 04,  · Money in relation to Communism and Socialism are very different. Though we criss cross the two terms often, in relation to money they are different. In Communism, the refined form of Socialism of course, has no relation to money. All fruits of your labor is the commodity itself, not the means of exchange.
  7. Zulkree

    Communism is a political and economic system that seeks to create a classless society in which the major means of production, such as mines and factories, are owned and controlled by the public. There is no government or private property or currency, and the wealth is divided among citizens equally or according to individual need.
  8. Akirg

    And if you're going to be using Marx to define communism and whether or not there will be money therein then use a Marxist definition of money: a universal commodity of exchange. As communism entails the abolition of commodities-as-commodities then so must there be no universal commodity and hence no money.
  9. Nakasa

    Oct 18,  · Money shouldn't exist in Marxist societies -- yet communism has produced some of history's most striking banknotes, treating currency as an easily circulated form of propaganda.

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